
Hong Kong Regulators Advance Stablecoin and Tokenized Gold Plans
- —HKMA to upgrade CMU by end-2026 for 24/7 settlement with digital HKD and CBDCs
- —SFC to create a licensing regime for tokenized products, starting with gold and RWA
- —HKDAP stablecoin circulation reached 522,000 tokens as of August 19, 2026
- —HKEX plans to launch yuan-denominated gold futures early next year
Why it matters: Hong Kong is building institutional infrastructure for stablecoins and RWA, intensifying competition with the US and EU for the tokenization market.
Source: Crypto Economy